Car price increase 2.5 times more than inflation!
According to Tejarat News, Hamshahri newspaper has calculated that in the first eight months of this year, the average price of a car at the factory door has increased by 64%, and Tejarat News calculations from the statistics of the Statistics Center show that the inflation index has risen from 298.1 to 373 units. That means 25% growth in inflation during this period.
Hamshahri wrote:
Statistics show that car production has grown by 5 percent in the first eight months of this year, while factory car sales have risen by 64.5 percent, leading to a 108 percent increase in car companies’ revenue. These are not companies, and car companies are still the most unprofitable industry in the Iranian economy.
The car market is not having a good day, prices are rising steadily, and some experts predict that prices will continue to rise in the coming months.
Estimates show that the volume of demand for cars in Iran is between one and 1.5 million cars per year. However, Hassan Karimi-Sanjari, an expert in the car market, had previously estimated: One million is 400,000 cars, not in the current situation where purchasing power has declined.
The gap between production and demand
Statistics show that automakers have produced 607,687 vehicles in the first eight months of this year, an increase of 4.9% over the previous year.
Automotive companies have produced an average of 76,000 vehicles per month. If the production process continues at the current speed, it can be hoped that 305,000 new vehicles will be produced by the end of the year and the total production of the automotive industry in 1400 will reach 900 to 950 thousand units.
However, given the fluctuations in production in recent months, automakers do not seem to be achieving this goal. Be in demand.
More detailed information on the production of car companies shows that the production of Iran Khodro in the first eight months of this year has increased by only half a percent and Saipa by six percent compared to the same period last year.
Increase factory sales rate
A comparison of the average prices of products of car companies in the first eight months of this year compared to the first eight months of last year shows a growing trend.
Part of the reason for the 108% growth in revenue of these companies is due to the increase in sales of their products because according to available documents, the prices of products of Iran Khodro, Saipa, Pars Khodro and Zamyad have grown by an average of 64.5% in the first eight months of this year. The highest price growth in the first eight months of this year was related to the cars produced by Zamyad and Iran Khodro companies.
The average price of Zamyad products in the first eight months of this year compared to last year has increased by 91% and the price of Iran Khodro products by 76%.
The average basket of Zamyad products last year was 148 million and 500 thousand tomans, which this year has increased by 135 million tomans to 283 million and 500 thousand tomans.
The average price of Iran Khodro’s product portfolio has increased by 107 million Tomans this year. This means that to buy a basket of Iran Khodro products this year, the factory price must be paid 247 million tomans more than last year. Also, the sales rate of Saipa products in the current month of this year has increased by 43% compared to last year.